 | |
| Company type | Public |
|---|---|
| Industry | Financial services |
| Founded | March 2001[1] |
| Headquarters | Mumbai, India |
Area served | Worldwide |
Key people | Mr. Amit Jhigran (MD & CEO) |
| Products | |
| Revenue |  ₹80,686 crore (US$9.7 billion)[2] (2023) |
 ₹2,004 crore (US$240 million)[2] (2023) | |
| ₹1,721 crore (US$210 million)[2] (2023) | |
| Total assets | ₹353,422 crore (US$42 billion)[2] (2024) |
| Total equity | ₹13,017 crore (US$1.6 billion)[2] (2023) |
| Owner | State Bank Of India |
Number of employees | 18,000 (2023) |
| Website | Sbi Life |
SBI Life Insurance Company Limited[3] is an Indian life insurance company which was started as a joint venture between State Bank of India (SBI) and French financial institution BNP Paribas Cardif. SBI has a 55.50% stake in the company and BNP Paribas Cardif owns a 0.22% stake. Other investors are Value Line Pte. Ltd. and MacRitchie Investments Pte. Ltd., holding a 1.95% stake each while the remaining 12% is free float stake with public investors. It has Assets under management(AuM) worth ₹352,422 crore (US$42 billion) and a Gross Written Premium(GWP) of ₹67,320 crore (US$8.1 billion) as of March 2023.[2] SBI Life has an authorized capital of ₹20 billion (US$240 million) and a paid up capital of ₹10 billion (US$120 million).
In 2007, CRISIL Limited, a subsidiary of global rating agency Standard & Poor's, gave the company a AAA/Stable/P1+ rating.[4][5]
- ^ Products by SBI life Insurance Regulatory and Development Authority, (IRDA) website.
- ^ a b c d e f "SBI Life Analyst Presentatio". sbilife.co.in. March 2023.
- ^ Insurance, SBI Life. "SBI Life - Leading Life insurance Company in India". www.sbilife.co.in. Retrieved 20 December 2021.
- ^ "SBI Life Insurance gets top rating". Mint. 1 October 2007.
- ^ "India's SBI Life Insurance rated 'AAA' on parental support – Crisil". Forbes. 17 September 2017.[dead link]